We are amazed at some of the ads we hear for mortgage rates, especially the ones that sound too good to be true! There are still a number of brokers out there using tactics that come close to "bait and switch" - the ads lure you in with offers of great rates with little or no money down (we especially like the ones that advertise "bad credit ok" - run!) - only to find that those aren't actually the loans that you qualify for.
Click here for an article with some good information regarding the factors that affect loans and rates. If you are in the market for a new home or investment property, or you're looking to refinance, it is a good idea to educate yourself about mortgages and interest rates. Learn how to check your credit reports for inaccuracies and know your credit score. There are some great sites out there that will help you track rates daily - you can find some on our "Helpful Links" page. Then contact us at Blue Star Appraisals Inc. for referrals to brokers that we trust enough to recommend to you!
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